Boards are bolstering their expertise as they look to tackle one of the biggest business threats facing financial services firms: the risk of cyber-attacks. But experts warn that resilience needs to be hard-wired into the business itself.
Board Agenda was at the Non-Executive Director Awards in London to see Sir Roger Carr—chair of BAE Systems and the English National Ballet, former chair of Cadbury and Centrica—receive the Lifetime Achievement Award. In his acceptance speech Sir Roger explored the qualities that make a good non-executive.
The role of the board chair has changed dramatically in the past decade, with chairs increasingly held responsible for corporate governance failures. How can board leaders ensure they are prepared for the challenges ahead?
Technological advances are transforming not only product complexity and delivery but the shape of the financial services industry itself. The board's understanding of AI and new technology—and the risks and opportunities it brings—needs to expand accordingly.